A rise in demand for military helicopters and the replacement of ageing helicopter fleets are the factors that are boosting the growth of the market during the forecast period.
Owing to the replacement of ageing helicopter components and systems and capacity expansion programs in emerging economies the market for helicopters is estimated to boost at a phenomenal rate during the forecast period.
The development of next-generation compound and tilt helicopters is expected to contribute to a larger share of the helicopter market within the next decade and result in a significant number of helicopter replacements and capability expansions.
Owing to their ability to spread signal emissions across a wide range of frequencies, traditional surveillance systems are being replaced with active electronically scanned arrays on combat helicopters. This factor to grow the market during the forecast period.
Investment in the development of electronically scanned array radar systems for combat helicopters has been taken up by emerging economies such as China, India, Brazil, and South Africa. Even this factor is estimated to grow the market during the forecast period.
Opportunity: eVTOL and UAM commercialization
Urban Air Mobility (UAM) is a concept for inter- and intra-city mobility that makes use of the helicopter's vertical takeoff and landing capabilities as well as impending electric-hybrid engine technology. Electric helicopters, sometimes referred to as e-VTOL aircraft (electric vertical take off and landing) aircraft, may take off and land at vertiports designed for urban transportation in cities. These aircraft speed up city transport while also reducing noise and pollutants. Passengers will be able to share e-VTOL air services between cities and suburbs, and eventually within cities, once this concept is commercialised.
Key Market Trends
The emerging countries have allocated substantial shares of their defence budgets to augment their existing defence power, which involves upgrading their helicopter fleet.
The limited production facility is estimated to hinder the market owing to the significant rise in demand for helicopters in both civil commercial and military applications.
It is also estimated for the increasing difference between the number of orders and deliveries to slow down the growth of the market during the forecast period.
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Segmental Analysis of the Market
Based on Device Type
By Point of Sale:
OEM
Aftermarket
The demand for OEM category is predicted to have considerable expansion in the forecast period.
By Type:
Military
Civil Commercial
The demand for military category is predicted to have considerable expansion in the forecast period.
By Application:
Military
Civil Commercial
The demand for military category is predicted to have considerable expansion in the forecast period.
By Component
Aerostructures
Main Rotor Systems
Avionics
Landing Gear Systems
Emergency Systems
Cabin Interiors
Actuators
Filters
It is estimated for the actuators to lead the market during the forecast period.
North America to lead the market during the forecast period
North America, Europe, Asia Pacific (APAC), Latin America and Middle East Africa are the major market for the helicopters. During the forecast period it is estimated for the region of North America to lead the growth of the market. The presence of major helicopter manufacturers in the region is the foremost factor that is estimated to boost the market
Competitive Landscape
Some of the prominent companies operating in the market are
Airbus Helicopters SAS (France)
Bell Helicopters (US)
The Boeing Company (US)
Leonardo S.p.A. (Italy)
Sirkorsky-Lockheed Martin (US)
Russian Helicopters (Russia)
Kawasaki Heavy Industries (Japan)
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Frequently Asked Questions
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